News Release

Desktone Named a Top Tech Dealmaker for 2008 by Mass High Tech and ACG

Desktops as a Service Provider Honored with Strategic Investment Award

December 9, 2008 – Chelmsford, MA – Desktone, Inc., provider of the first solution that enables virtual desktops as an outsourced subscription service, today announced that it was awarded a 2008 Tech Dealmaker Award by Mass High Tech and the Association for Corporate Growth Boston (ACG). Desktone won the top strategic investment category, based on its 2007 funding by prominent venture capital firms and partners.

"These winning companies were built on technical and business leadership, and are proof that the innovation economy continues to thrive in Massachusetts and New England. Despite a difficult economy, these companies have positioned themselves for global growth, whether through mergers and acquisitions, financial investments or public offerings. These are success stories," said Mike Olivieri, publisher of Mass High Tech, in announcing the winning deals.

"We're honored that Mass High Tech and ACG recognized the unique value that Desktone brings to the market," said Harry Ruda, CEO, Desktone. "In today's economic climate, where budgets are constrained and cash conservation is paramount, companies are looking for ways to minimize IT costs while still ensuring reliable, effective service. The investment in Desktone, as well as our partnerships with renowned vendors and service providers including Citrix, HP, IBM and SoftBank Telecom, speaks to the confidence in our solution and the belief that desktops as a service is a very promising global market."

Desktone was chosen from more than 350 technology companies that were considered for the 2008 Tech Dealmaker Award. A panel of independent judges drawn from the technology, finance and legal sectors evaluated these companies' deals to select the eight most interesting mergers and acquisitions, initial public offerings and financial restructuring transactions from July 1, 2007 through June 30, 2008. For more information about Desktone's award, go to http://www.masshightech.com/tech-dealmaker-awards/08/strategic-investment/desktone-inc.php

About Desktone

Desktone, Inc. provides the industry's first virtual desktop hosting platform, enabling desktops to be delivered as an outsourced subscription service. The Desktone Virtual-D Platform integrates all enabling technologies into a single, automated, self-service platform. By offering desktops as a service, Desktone simplifies large-scale desktop provisioning and management, transforms virtual desktop infrastructure costs from CAPEX to OPEX, provides greater protection of physical resources and corporate information, and increases business agility — all of which reduces desktop total cost of ownership. For more information, visit www.desktone.com.

 

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